Bitcoin Closes Daily Price Below 50MA – Final Bearish Signal?
Bitcoin (BTC) continues to experience an extensive price correction losing over 7% of its market value in the last month. The flagship cryptocurrency has struggled to regain its bullish form after setting a new all-time high leading to speculations of a potential market top. Interestingly, popular market analyst and the host of The Wolf of All Streets Podcast, Scott Melker has recently shared a market development that supports such bearish notions. Related Reading: Bitcoin CBD Heatmap Marks $95,500–$97,000 As Make-Or-Break Zone – Details Bitcoin Set For 26% Crash? In an X post on June 21,....
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Bitcoin price has held support and advanced on $600 and 4,000 CNY earlier today. However, the bear is not yet out of the woods. The USD exchanges are attempting $600 while the CNY exchanges try to retake 4,000 CNY. This is encouraging since we’ve seen price hold above its critical 1day 50MA and now trying to reestablish above psychological support. A bullish 1hr 20/50MA cross-over (chart right) was confirmed by a simultaneous full valid 15min MA signal a few hours ago – another encouraging sign that the market is trying to return to advance. However, the journey to the upside is not going....
The XRP price has now moved back into bearish territory after a remarkable run on the daily chart that had been signaling possible bullish momentum. Crypto analyst Master Ananda points this out in a post that shows a disturbing trend in the XRP price chart. If this continues, then the future of XRP, at least in the short term, has become even more uncertain, with bears fighting for more control. 4 Green Daily Closes Fall to Nothing After suffering a crash along with the rest of the crypto market, the XRP price had faced a recovery that seemed to have put it right back on track to rally....
Bitcoin has been consolidating since hitting a low around 166. Price has rebounded above 300 briefly, and then retreated. Still, BTCUSD has been hanging onto the consolidation mode in what appears to be a triangle. With price action already so close to the triangle apex, a breakout is imminent, but it will not be of much significance by itself. Let's see what other technical clues we will need. Bitcoin (BTCUSD) 24/2/2015 Daily Chart. The daily chart shows that since price tagged 300, bearish candles have dominated. In fact, last Friday's bearish candle combined with the previous 4 daily....
Bitcoin price is pulling back from highs set earlier this week and fear is already setting in over another potential drop. Although the top cryptocurrency is bullish according to most technicals and fundamentals, last night’s daily close left a bearish signal on the BTCUSD price chart that could suggest the fear is warranted. If the bearish candlestick signal is valid and confirms, a sharp pullback could reset the recent rally almost completely. Here is a closer look at the potential “gravestone doji” and why it could put the nail in the coffin on the latest push by....
ADA price has been struggling against the U.S. dollar in October. Cardano (ADA) has formed a deadly "death cross" on its daily chart against Bitcoin (BTC) — a market signal that's generally seen as a warning of more downside in the near term.The ominously-titled indicator kicks in when an asset's short-term moving average closes below its long-term moving average. In doing so, it calls for technically-minded traders to increase their bearish positions in the market. ADA/BTC in troubleOn Tuesday, ADA's 50-day exponential moving average (50-day EMA; the velvet wave) dropped below its 100-day....